久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

Japan's Q1 GDP shrinks amid US tariff uncertainty

By JIANG XUEQING in Tokyo | China Daily | Updated: 2025-06-10 09:09
Share
Share - WeChat
A truck loaded with vehicles leaves a parking lot at the Port of Nagoya, Japan, on June 2. The Finance Ministry has revealed a 1.8 percent year-on-year decrease in exports to the US in April. RICHARD A. BROOKS/AFP

Japan's GDP shrank by 0.2 percent on an annualized basis in the first quarter, marking its first contraction in four quarters amid growing uncertainty over US tariff policies.

The revised data, released by the Cabinet Office on Monday, showed an improvement from the initial estimate last month, which had pointed to a steeper 0.7 percent decline.

Private consumption, which accounts for more than half of Japan's economy, was revised upward from zero to a 0.1 percent gain. In addition, the contribution of private inventories to GDP growth was raised from 0.3 to 0.6 percentage points, driven by increased stockpiles of raw materials such as crude oil and natural gas.

Despite the upward revisions, the economy still recorded negative growth, underscoring the lack of momentum in Japan's recovery.

Amid uncertainty surrounding the United States' trade policy, particularly on tariffs, economists anticipate continued downward pressure on the Japanese economy, especially on exports. There are also concerns that capital investment could weaken as a result of rising uncertainty.

For the January-March period, private nonresidential investment was revised down from a 1.4 percent increase to 1.1 percent, largely because of weak software-related investment, as indicated by dynamic statistics from the service sector.

The scale of tariffs announced by the US administration since early spring were considerably larger than many had expected, Bank of Japan Governor Kazuo Ueda told a meeting held by the Research Institute of Japan on June 3.

He acknowledged that despite recent developments — including an agreement between the United States and China to reduce tariffs temporarily — uncertainty remains high regarding economic activity and prices at home and abroad.

"These developments in trade policies will exert downward pressure on Japan's economy through several different channels," he said.

Still, he stated that the underlying mechanism by which wages and prices rise moderately in interaction remains intact.

Should Japan's underlying consumer price index inflation approach the Bank of Japan's price stability target of 2 percent, the central bank will continue to raise its policy interest rate and adjust the degree of monetary easing, in line with improvements in economic activity and prices, he said.

Given the extremely high uncertainties over the future course and the effects of trade policy, the central bank will carefully examine factors such as developments in economic activity, prices and financial markets both at home and abroad — making decisions without presuming its outlook will materialize, Ueda said.

During its monetary policy meeting earlier this year, the central bank left its benchmark policy interest rate unchanged at 0.5 percent.

It also downgraded its growth projection for Japan as the economy faces rising uncertainties from US tariffs.

In a report released on May 1, the central bank cut its GDP growth forecast for the 2025 fiscal year to 0.5 percent from 1.1 percent projected in January. The forecast for the 2026 fiscal year was also lowered to 0.7 percent from 1 percent.

Japan's chief tariff negotiator Ryosei Akazawa met on Friday with US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in Washington.

Akazawa again strongly urged the US to reconsider its tariff measures.

According to the Cabinet Secretariat of Japan, both sides agreed to continue to vigorously coordinate to ensure a mutually beneficial agreement, bearing in mind a possible exchange between the leaders of both countries around the occasion of the G7 summit to be held in Canada this month.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美大片一级毛片 | 国产盗摄精品一区二区三区 | 九九99精品 | 99在线观看精品视频 | 久久日本精品一区二区免费 | 亚洲精品一二三四区 | 玖玖色视频 | 久久久久久久91精品免费观看 | 国产性大片黄在线观看在线放 | 香蕉国产人午夜视频在线观看 | 一级爱爱片一级毛片-一毛 一级爱做片免费观看久久 一级白嫩美女毛片免费 | 国产91一区二这在线播放 | 国产成人tv在线观看 | 久久国产精品免费看 | 中文字幕一区二区在线播放 | 国产手机精品a | 免费在线观看a | 亚洲理论片在线观看 | 97精品久久久久中文字幕 | 99在线观看精品视频 | 日本 欧美 在线 | 国产成人综合久久亚洲精品 | 99在线小视频 | 国产精品久久久久久一级毛片 | 91久久精品国产91久久性色也 | 在线a毛片免费视频观看 | 国产精品6| 午夜亚洲| 免费观看成年人视频 | 国外免费一级 | 亚洲b | 国内精品久久国产大陆 | 伊人色综合久久天天网蜜月 | 99久久国产免费中文无字幕 | 国产欧美日韩在线观看 | 日本免费一区视频 | 日本a级片免费看 | 女在床上被男的插爽叫视频 | 国产精品久久福利网站 | 色综合精品久久久久久久 | 国产亚洲欧美日韩国产片 |